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    The period is slightly shorter than the British government had initially suggested, but allows the UK to negotiate new trade deals that would come into effect at the end of the transition. (Since trade deals are handled by the EU on behalf of all members, the UK is not allowed to negotiate new ones as long as it remains in the bloc.) There has been an agreement on the UK’s financial settlement as well as the rights of EU citizens living in the UK (and vice versa)—people who move during the transition period have the same rights as people who settled before Brexit.

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